Shell Seeks Shale Gas in Sweden

Royal Dutch Shell is embarking on drilling  for shale gas in Sweden.   Henry Carlsson, spokesman for Shell Sweden commented that the company was in the process of drilling the first well and expected to finish this month.  Three additional  three wells are planned to be drilled by the end of March. “It’s a promising area,” said Carlsson. “There could be enough gas to cover Sweden’s gas needs for at least 10 years.”Full-scale production could happen in five to 10 years, he said.

Sweden — which gets most of its electricity from nuclear generators and hydro power — consumed about a billion cubic metres of natural gas in 2008, according to data from the Swedish Energy Agency.  Sweden and Ukraine are the only countries in Europe where Shell is drilling for shale gas at the moment

Source: Reuters